83 FR 19127 - Self-Regulatory Organizations; NYSE National, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Support the Re-Launch of NYSE National, Inc. on the Pillar Trading Platform

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 84 (May 1, 2018)

[Federal Register Volume 83, Number 84 (Tuesday, May 1, 2018)]
[Notices]
[Pages 19127-19128]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-09110]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83100; File No. SR-NYSENAT-2018-02]


Self-Regulatory Organizations; NYSE National, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Support the Re-Launch of NYSE National, Inc. on the Pillar 
Trading Platform

April 25, 2018.
    On February 21, 2018, NYSE National, Inc. (the ``Exchange'' or 
``NYSE National'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change, in connection with the re-launch of the Exchange 
on the Pillar trading platform. The Exchange proposes: (1) Amendments 
to Article V, Sections 5.01 and 5.8 of the Fourth Amended and Restated 
Bylaws of NYSE National (``Bylaws''); (2) new rules based on the rules 
of the Exchange's affiliates relating to (a) trading securities on an 
unlisted trading privileges basis (Rules 5 and 8), (b) trading on the 
Pillar trading platform (Rules 1 and 7), (c) disciplinary rules (Rule 
10), and (d) administration of the Exchange (Rules 3, 12, and 13); (3) 
rule changes that renumber current Exchange rules relating to (a) 
membership (Rule 2), (b) order audit trail requirements (Rule 6), and 
(c) business conduct, books and records, supervision, extensions of 
credit, and trading practices (Rule 11); and (4) deletion of Chapters 
I--XVI and the rules contained therein. The proposed rule change was 
published for comment in the Federal Register on March 13,

[[Page 19128]]

2018.\3\ The Commission received no comments on the proposed rule 
change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 82819 (March 7, 
2018), 83 FR 11098 (March 13, 2018).
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    Section 19(b)(2) of the Act \4\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is April 27, 2018. The Commission is extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
it has sufficient time to consider the proposed rule change. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates June 11, 2018 as the date by which the Commission 
shall either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change (File Number 
SR-NYSENAT-2018-02).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Eduardo A. Aleman,
Assistant Secretary.
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    \6\ 17 CFR 200.30-3(a)(31).
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[FR Doc. 2018-09110 Filed 4-30-18; 8:45 am]
BILLING CODE 8011-01-P